The pair finally broke out of this long term range last week, I expect a retest of the resistance area which has now turned support to occur before the market tries to push up again, long term target at 0.59647.
NZDCHF Sell trade opportunities
its overall sell trend it's recently retest support area and make a strong bearish candle its good opportunity to take sell trade here and target is mention in the chart.
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I expect NZDCHF to go Down after finishing this correction.
Look for your SELL setups.
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Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
* Ascending triangle, mostly found in uptrend, and mostly bullish continuation.
* The RBNZ increased it's interest rate by 75bps as expected, and the RBNZ were Hawkish, hence we expect more bullish presure with NZDCHF and NZD related pairs.
* Break below the triangle may violate the pattern.
All ideas forecasts are my personal views on the market, I share...
Nzdchf sell now @ 0.57460
Stop loss 0.58770
Trade based on pure price action levels open the sell trade and thanks me later
Later before we opened a long trade on 20th October 2022 and target also completed now we are doing short
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